IMPACT OF THE INTERPLAY BETWEEN FORMAL AND INFORMAL INSTITUTIONS IN THE CORPORATE GOVERNANCE AND INDEPENDENCE OF AUDIT FIRMS: A COMPARATIVE STUDY OF CEECs
IMPACT OF THE INTERPLAY BETWEEN FORMAL AND INFORMAL INSTITUTIONS IN THE CORPORATE GOVERNANCE AND INDEPENDENCE OF AUDIT FIRMS: A COMPARATIVE STUDY OF CEECs
Author(s): Małgorzata GodlewskaSubject(s): Civil Law, Evaluation research, Law on Economics, EU-Accession / EU-DEvelopment, Accounting - Business Administration, Business Ethics, EU-Legislation
Published by: Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
Keywords: corporate governance and independence of audit firms; formal institutions; informal institutions; Central and Eastern European countries; capital markets;
Summary/Abstract: The central point of this paper is to present the results of comparative meta-analysis concerning the impact of the interplay between formal and informal institutions in the corporate governance and independence of audit firms of Central and Eastern European Countries (CEECs). The paper focuses on the values of the national Financial Audit Law and national auditors’ code of ethics of CEECs, as well as on independence, professional scepticism, non-audit services, audit fees, mandatory audit firm rotation and joint carrying out of statutory financial audit. The main subject of interest concerns two research areas: the character of the relationship between formal and informal institutions, as well as whether the interplay between them is relevant to corporate governance and independence of audit firms of CEECs.
Journal: Acta Scientiarum Polonorum. Oeconomia
- Issue Year: 19/2020
- Issue No: 1
- Page Range: 23-32
- Page Count: 10
- Language: English